India's exports of goods and services surged by 12.7% year-on-year in April 2025

Current Events and Developmental Issues Exim Policy

16-May-25

India's exports of goods and services surged by 12.7% year-on-year in April 2025, reaching $73.8 billion, up from $65.48 billion in April 2024. This growth was driven by strong performances in sectors like electronics, engineering goods, and textiles.

Key Points

India’s total exports (goods and services) rose by 12.7% year-on-year in April 2025, reaching $73.8 billion, compared to $65.48 billion in April 2024.
Merchandise exports increased by 9.03% to $38.49 billion, with key contributors being electronics, engineering goods, and gems and jewellery.
Electronic goods exports surged by 39.5% to $3.69 billion, showing strong global demand in this sector.
Engineering goods exports grew by 11.3% to $9.51 billion, continuing their steady contribution to India's export basket.
Exports of gems and jewellery increased by 10.74% to $2.5 billion, reflecting a rebound in demand from key markets.
Services exports made a strong contribution, resulting in a services trade surplus of $17.77 billion in April 2025.
Despite robust export growth, imports rose by 15.7%, reaching $82.45 billion, which outpaced export growth.
India recorded a trade deficit of $8.65 billion in April, which was 50% higher than the $5.77 billion deficit recorded in April 2024.
The U.S. imposed a 26% tariff on Indian goods in April 2025, but this was temporarily suspended for 90 days as trade talks continued.
India’s exports to the U.S. still increased significantly, rising from $6.61 billion in April 2024 to $8.42 billion in April 2025 despite tariff concerns.
The strong growth in exports highlights the resilience of the Indian economy amid global headwinds and trade uncertainties.
However, the widening trade deficit signals the need for strategic measures to boost export competitiveness and control the rise in imports.